National Australia Bank Ltd. may be told by the Australian competition regulator to divest either the Axa Asia Pacific Holdings Ltd. platform unit, the MLC platform or the Aviva platform as part of its plans to acquire Axa Asia, the Australian Financial Review reported in its Street Talk column, without saying where it got the information. A possible rejection of NAB’s proposal in its current form might create an opportunity for AMP Ltd. to buy a platform, according to the report.
AMP Ltd. appointed Colin Storrie as chief financial officer, effective Jan. 1, 2012. He will replace current Chief Financial Officer Paul Leaming, who will retire at the end of the year, the company said in a regulatory filing.
Emily Collie used to spend A$2,500 ($2,320) a year buying accessories from overseas websites to take advantage of prices as much as 40 percent lower than in her hometown of Melbourne. This year, she’s spent about A$160.
Trades in about half a dozen Australian equities including Australia & New Zealand Banking Group Ltd. and AMP Ltd. surged at the open in the absence of company news, prompting inquiries by the market regulator.